ASX Opens 0.5pc Lower Though Tesla Fuels US Gains

AFR2022-07-22

Australian blue chips opened lower on Friday in a broad decline led by energy shares and following a move to tighten interest rates in Europe.The S&P/ASX 200 fell 0.5 percent with all 11 sharemarket ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Liuliusg
2022-07-22
Liuliusg
Ok
Bonghanhuei
2022-07-22
Bonghanhuei
Ok
JeffTai
2022-07-22
JeffTai
Ok
Skrain
2022-07-22
Skrain
like
TradeLegend
2022-07-22
TradeLegend
🤑
Sagi08
2022-07-22
Sagi08
Ok
- Sagi08:
  Cool
- JeffTai:
  ok
- Bonghanhuei:
  ok

Leave a comment

123

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1125687148?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-07-22 08:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1125687148","market":null,"top_or_hot":-1,"title":"ASX Opens 0.5pc Lower Though Tesla Fuels US Gains","media":"AFR","content":"<div>\n<p>Australian blue chips opened lower on Friday in a broad decline led by energy shares and following a move to tighten interest rates in Europe.The S&P/ASX 200 fell 0.5 percent with all 11 sharemarket ...</p>\n\n<a href=\"https://www.afr.com/markets/equity-markets/asx-to-inch-higher-wall-street-gains-ecb-hike-20220722-p5b3og\">Source Link</a>\n\n</div>\n","source":"lsy1647389686240","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX Opens 0.5pc Lower Though Tesla Fuels US Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Opens 0.5pc Lower Though Tesla Fuels US Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-22 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/markets/equity-markets/asx-to-inch-higher-wall-street-gains-ecb-hike-20220722-p5b3og><strong>AFR</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australian blue chips opened lower on Friday in a broad decline led by energy shares and following a move to tighten interest rates in Europe.The S&P/ASX 200 fell 0.5 percent with all 11 sharemarket ...</p>\n\n<a href=\"https://www.afr.com/markets/equity-markets/asx-to-inch-higher-wall-street-gains-ecb-hike-20220722-p5b3og\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.afr.com/markets/equity-markets/asx-to-inch-higher-wall-street-gains-ecb-hike-20220722-p5b3og","article_id":"1125687148","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1125687148","pubTimestamp":1658450303,"columns":[],"sourceInfo":{"source_id":"lsy1647389686240","name":"AFR"},"weMediaInfo":null,"summary":"Australian blue chips opened lower on Friday in a broad decline led by energy shares and following a","collect":0,"end_time":0,"defaultTopTitle":"afr.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"ASX开盘下跌0.5%，尽管特斯拉推动了美国的上涨","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9},"content_text":"Australian blue chips opened lower on Friday in a broad decline led by energy shares and following a move to tighten interest rates in Europe.The S&P/ASX 200 fell 0.5 percent with all 11 sharemarket sectors except utilities falling. Utility shares rose 0.5 percent.Energy companies felt the brunt of the decline, falling 1.6 percent. Paladin Energy dropped 4.4 percent, the second-worst decline among the largest 200 listed companies. Santos Energy and Whitehaven Coal both fell 2.6 percent, while Woodside Energy, the largest company within the sector, declined 1.4 percent.IAG, the insurer, fell 1.9 percent after disclosing tightening profit margins for its insurance business, despite higher overall earnings for the 2022 financial year.Overnight, oil prices retreated, along with iron ore and copper. Gold bounced off a 15-month low. The dollar climbed back above 69 US cents.Wall StreetUS stocks rallied for a third night as buyers were encouraged by a weaker dollar and resilient corporate earnings.The S&P 500 climbed 39 points or 0.99 percent. The Dow Jones Industrial Average added 162 points or 0.51 percent. The Nasdaq Composite led again, rising 162 points or 1.36 percent.The tech-heavy Nasdaq has led all week as investors sift through the wreckage of this year’s bear market for oversold assets. Last night’s gain extended this week’s rebound to 5.3 percent. The S&P 500 has risen 3.5 percent and the Dow 2.4 percent.“What you’re seeing in the market today is continued potential recovery, some continued potential optimism for numbers not being as bad as feared,” Robert Cantwell, portfolio manager at Upholdings, said. “But that’s been happening in the market now for almost a month.”Tesla surged 9.78 percent after price increases offset production delays. The electric carmaker’s result helped counter weak reports from AT&T and two of the major airlines.The second-quarter reporting season has continued to deliver more positive than negative surprises this week. Refinitiv said 78 percent of the 90 companies that have reported so far have beaten the consensus on earnings.“The earnings picture has been maybe a little better than investors feared,” J Bryant Evans, investment adviser and portfolio manager at Cozad Asset Management, said. “We investors are thinking that… especially technology has come down too far, and maybe there’s some valuation opportunities there,” he added.The greenback fell after the European Central Bank raised its benchmark rate for the first time in 11 years. The central bank surprised the market by hiking by 50 basis points. Traders had anticipated a smaller increase of 25 bp.A weaker US dollar lowers commodity prices for holders of other currencies, and helps firms that depend most on overseas revenues, including tech firms.The Federal Reserve meets next week and is expected to increase the federal funds rate target by 75 basis points to curb inflation. Last night’s economic data suggested rate rises were starting to impact the economy.First-time claims for unemployment benefits rose to 251,000 last week, the highest since November. A gauge of manufacturing activity in the mid-Atlantic region fell to its weakest since May 2020.Australian outlookThe S&P/ASX 200 is on track for its best week since March as this month’s tentative recovery gathers pace. Global recession fears have been pushed onto the backburner for now as investors bet central banks may pull off the difficult feat of bringing down inflation without killing growth.Out-of-favour growth is back. The beaten-down BNPL sub-sector surged here yesterday. Overnight, tech and consumer discretionary (Tesla) led in the US.Also strong were health +1.51 percent, materials +1.4 percent and financials +0.64 percent.That looks like a solid platform for ASX gains if investor sentiment survives the “Friday effect” (the desire to lock in profits before the weekend) and the fact a bumper US rate rise is now just days away (the Fed meets on Tuesday).The domestic quarterly reporting season has yet to throw up any major new negative themes. Labour and supply-chain issues continue to dog miners, but these have been known issues for several seasons.The dollar built on yesterday’s push above 69 US cents. The Aussie was lately up 0.71 percent at 69.33 US cents. The unit has not settled that high in at least three weeks.Preliminary July readings for manufacturing and services sector activity were due at 9 am AEST.Miner sands miner Iluka Resources holds its AGM today in Perth.CommoditiesOil pulled back to its lowest in a week after US gasoline inventories increased last week at a time when seasonal demand should be strong. Gasoline stockpiles rose by 3.5 million barrels, well ahead of expectations for the northern summer holiday “driving season”.“Conservative oil investors have watched this movie before in 2008, when staggering oil prices dampened oil demand and led to a crash in oil prices,” Manish Raj, chief financial officer at Velandera Energy Partners, told MarketWatch. “It is easier for traders to stay on the sidelines until the demand picture is clearer.“Brent crude settled US$3.06 or 2.9 percent lower at US$103.86 a barrel. The US benchmark declined 3.5 percent to US$96.35.Iron ore continued to retreat amid questions over the pricing implications of China’s creation of a centralised steelmakers’ body to negotiate with suppliers.The spot price for ore landed in China eased 74 US cents or 0.7 percent to US$103.36 a tonne. The most-traded contract on the Dalian Commodity Exchange fell 0.3 percent to 657 yuan.Australian mining giants BHP and Rio Tinto traded mixed in overseas action.BHP‘s US-traded depositary receipts dropped 0.2 percent. The miner’s UK stock fell 0.38 percent. Rio Tintobounced 0.4 percent in the US and 0.03 percent in the UK.Gold logged its highest close in more than a week as the greenback and US bond yields eased. Metal for August delivery settled US$13.20 or 0.8 percent ahead at US$1,713.40 an ounce. The NYSE Arca Gold Bugs Index rebounded 1.28 percent.Copper declined as investors factored in the risk of a European recession after the ECB announced its biggest rate rise since 2000.“Clearly the focus of the market is now on demand destruction because of the rising recession risks,” Julius Baer analyst Carsten Menke told Reuters.“The risks are clearly to the downside. Even though I think we have undershot, I would not bottom fish at these levels,” he added.Benchmark copper on the London Metal Exchange fell 0.7 percent to US$7,304 a tonne. Aluminium gave up 0.6 percent, lead 1 percent and zinc 2.8 percent. Nickel firmed 1.4 percent. Tin edged up 0.6 percent.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9077311740,"gmtCreate":1658453888480,"gmtModify":1676536161680,"author":{"id":"3571112889855060","authorId":"3571112889855060","name":"Liuliusg","avatar":"https://static.tigerbbs.com/86e7691637ffe866f31f181dbe2ede72","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3571112889855060","authorIdStr":"3571112889855060"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077311740","repostId":1125687148,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9077334033,"gmtCreate":1658453456822,"gmtModify":1676536161552,"author":{"id":"3581734044994294","authorId":"3581734044994294","name":"Bonghanhuei","avatar":"https://static.tigerbbs.com/c688d7ad40c511adab3aa29cdc4befc5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581734044994294","authorIdStr":"3581734044994294"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077334033","repostId":1125687148,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9077335716,"gmtCreate":1658453449535,"gmtModify":1676536161552,"author":{"id":"3581504334066898","authorId":"3581504334066898","name":"JeffTai","avatar":"https://static.tigerbbs.com/eaf357935d6e8ef3744f3d94312f0a64","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581504334066898","authorIdStr":"3581504334066898"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077335716","repostId":1125687148,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9077330581,"gmtCreate":1658452791943,"gmtModify":1676536161320,"author":{"id":"4093776633978450","authorId":"4093776633978450","name":"Skrain","avatar":"https://static.tigerbbs.com/760760fda87db7b00180cdc5a0f4d60b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4093776633978450","authorIdStr":"4093776633978450"},"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077330581","repostId":1125687148,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9077392092,"gmtCreate":1658452396116,"gmtModify":1676536161223,"author":{"id":"3565930395680990","authorId":"3565930395680990","name":"TradeLegend","avatar":"https://static.tigerbbs.com/efcf72a8fc8d429f1da25c34e3db472a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3565930395680990","authorIdStr":"3565930395680990"},"htmlText":"🤑","listText":"🤑","text":"🤑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077392092","repostId":1125687148,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9077396121,"gmtCreate":1658452351063,"gmtModify":1676536161208,"author":{"id":"3582026494482473","authorId":"3582026494482473","name":"Sagi08","avatar":"https://static.tigerbbs.com/04a6ca80d31900bae8ec95b23446e79d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582026494482473","authorIdStr":"3582026494482473"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9077396121","repostId":1125687148,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103055408,"gmtCreate":1658709382382,"gmtModify":1675837308451,"authorId":3582026494482473,"author":{"id":3582026494482473,"idStr":"3582026494482473","authorId":3582026494482473,"name":"Sagi08","avatar":"https://static.tigerbbs.com/04a6ca80d31900bae8ec95b23446e79d","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9077396121,"type":1,"supId":0,"prevId":0,"content":"Cool","text":"Cool","html":"Cool"},{"id":103012248,"gmtCreate":1658453475935,"gmtModify":1663254899643,"authorId":3581504334066898,"author":{"id":3581504334066898,"idStr":"3581504334066898","authorId":3581504334066898,"name":"JeffTai","avatar":"https://static.tigerbbs.com/eaf357935d6e8ef3744f3d94312f0a64","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9077396121,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":103012246,"gmtCreate":1658453465890,"gmtModify":1663254896726,"authorId":3581734044994294,"author":{"id":3581734044994294,"idStr":"3581734044994294","authorId":3581734044994294,"name":"Bonghanhuei","avatar":"https://static.tigerbbs.com/c688d7ad40c511adab3aa29cdc4befc5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9077396121,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":123,"commentSize":14,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1125687148"}